To provide liquidity to the markets, the FED, the European authorities, along with their Asian counterparts have decided to swamp the banks with money. However, this is likely to come with strings (ropes?) attached. No money comes free – immaterial of whether it is called Debt or Equity. The authorities have put a lot of […]
Wockhardt and then Emaar have withdrawn their IPOs. Withdrawn is a joke. The public did not buy them, therefore the issue is gone back. What is the learning? In a rising market nobody, really nobody has any interest in saying that the issue is overpriced and the end customer should not subscribe. A greedy promoter […]
What a sensational rumour! The sensex is down because a big group which was holding a lot of share across various counters today continued selling! There was a vested interest for a lot of people – a big power IPO has many stakeholders you see. So all the kings men and all the kings horses […]